I don’t often side with global pharmaceutical companies but on the issue of their copay drug coupon handouts I do…but only kind of. Not to be mistaken with prescription discount cards, which are used by people who pay out-of-pocket and not with their insurance (if they have it), drug companies are increasingly giving away copay coupons to cover the copayments of expensive drugs – often for specialty medications but for traditional prescription drug as well. These coupons cover some of even all of your copayment. That’s really cool! Thanks Big Pharma.
The problem is that your health insurance company is still footing the bill for the drug and while you may be OK with that, UnitedHealth, Aetna, etc. — Big Health — are not. Now don’t get too happy because higher drug costs for health insurance companies often lead to higher deductibles and premiums that you will have to pay. And there’s worse. (more…)